Toyota Predicts Sales To Fall To A 31 Year Low for 2009

Submitted by admin on April 21, 2009 – 4:11 pmNo Comment

Toyota Motor Corp. expects its vehicle production in Japan to fall to the lowest in more than three decades this fiscal year, and below the level needed to maintain its full-time workforce, a report said Tuesday.

a476btoyota20logo Toyota Predicts Sales To Fall To A 31 Year Low for 2009

Toyota sees the production of 3 million vehicles as necessary to maintain its full-time work force in Japan of about 69,400. But its output is projected to be only 2.8 million units in the fiscal year through March 2010 -- which would be the first time below 3 million in 31 years, Japan's top-selling Yomiuri newspaper said.

The company will have difficulty maintaining all full-time workers and may need to make some cuts, the daily reported, though it quoted one unnamed executive as saying the company would not cut the workforce at the moment.

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